News: Industrialist buys four apartments in Gurugram for Rs.380 crore-30-10-2025
NEW DELHI: An industrialist based in NCR has bought four apartments at DLF’s latest super luxury project The Dahlias for close to Rs 380 crore, in one of the costliest apartment deal of the country, two people aware of the development said.The industrialist was looking for a farmhouse or bungalow in Lutyens’ Delhi with a budget of Rs 350 400 crore but finalised the deal at the upcoming project where the four apartments will be interconnected.
“We advised a prominent Indian business family on a consolidated Rs 380 crore acquisition at DLF The Dahlias,” said Kshitij Jain, Founder, Rizin Advisory Pvt. Ltd, without disclosing the name of the buyer.
According to another person aware of the deal, the family has an apartment at The Camellias, the super luxury project of DLF and was looking for bigger area.Putting together, the four apartments will have over 35,000 sq ft of area.
With this deal, and some of the previous similar size deals in The Camellias, Gurugram prices is at par with some of the costliest location of Mumbai and in same cases, outpacing them as well.
“Some of the equity investors from Mumbai have also bought apartment at The Dahlias realising the potential of price appreciation. The prices have already gone up by 50% since the launch,” said the person aware of the development.
This development comprises 420 residences across 29 levels and 8 towers and DLF has sold over 50% of the project.The Dahlias spread across 7.5 million square feet and will also include 15. duplex penthouses, and 3.5 lakh sq ft clubhouse.
Earlier, Former Indian cricketer Shikhar Dhawan bought a 6,000 sq ft apartment at The Dahlias, for Rs 69 crore.
During FY25, the project generated Rs 13,744 crore in new sales bookings.
Gurgaon has seen the costliest real estate transaction in NCR in 2024 surpassing Lutyens Delhi for the first time with per sq ft price in the city overtaking Mumbai at par with London and Dubai.
The city has witnessed sale of three Rs 150 crore and above property in 2024. According to market research by CRE Matrix, this is the first time a single project has surpassed Rs 100 billion ($1.16 billion) in sales value within one quarter.Gurgaon also saw the costliest real estate transaction of the year with a Rs 190 crore penthouse sale, beating Delhi for the first time.
Though demand for trophy assets remains strong in Lutyens Delhi, the lack of supply has forced the Ultra High Net Worth Individuals (UHNIs) to move.
